What is the name of the "queenly" vessel that was the longest-serving ship in Cunard's history in 2008? 1) Titanic 2) Queen Elizabeth 3) Queen Mary 4) Queen Elizabeth 2

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Assume that the City of Juneau maintains its books and records to facilitate the preparation of its fund financial statements. The City pays its employees bi-weekly on Friday. The fiscal year ended on Wednesday, June 30. Employees had been paid on Friday, June 25. The employees paid from the General Fund had earned $90,000 on Monday, Tuesday, and Wednesday (June 28, 29, and 30). What entry, if any, should be made in the City’s General Fund?
What takes place during pre-planning
A typical lease may require a tenant to
Merrill Lynch : Case study Summary of Case The case profiles the financial crisis at Merrill Lynch at the end of the last decade, which was acquired by Bank of America for $50 billion. B of A received government assistance during the financial crisis from (and was covered by) TARP (the Troubled Asset Relief Program). One initial consequence of TARP coverage was that some employees, including some high-level,high-revenue generating employees began to leave larger financial institutions like Merrill Lynch/Bank of America to go to so-called "boutique" financial services firms, which had not received TARP money and thus were not covered by TARP restrictions on compensation. Another initial reaction was an increase in base pay levels and a decrease in bonus levels, apparently in response to all of the negative publicity bonuses had received and as a way to get around TARP restrictions. Students are expected to analyze the decision of Merrill Lynch to change employee compensation just to get around TARP restrictions on compensation. However, now, that some time has passed, the economy has recovered (somewhat), and the stock market has bounced back, Merrill Lynch and other financial services companies are making money again. At Merrill Lynch, there is always a lot of action and discussion around compensation strategy. Merrill introduced a plan to expand its number of financial advisors by 8 % (about 1,200 people). Where would they come from? Other firms? How would Merrill get them to move? By offering unusually high up-front signing bonuses and decentralizing authority to make such offers. Traditionally, top brokers from other firms can receive 1.5X their pay at the firm they are leaving. Merrill was not the only firm looking to add top brokers. Indeed, what was described as a "bidding war" broke out, and signing bonuses were reported to have gone as high as 3X or 4X previous pay in some cases. Why the bidding war? "Wealth management firms make the bulk of their profits on the top 10 percent of their producers" according to compensation attorney Katten Muchin. And, very wealthy clients tend to be more loyal to their advisors than to the advisors’ firms. At Merrill, there are some concerns among financial advisors. First, in the non-Merrill part of Bank of America, brokers are under a discretionary bonus system rather than an (objective) incentive system where pay is based on a formula. Merrill financial advisors fear that Bank of America wants to extend that system to cover them. Second and likely related, non-Merrill brokers at B of A are expected to cross-sell—in other words, to push products sold by other parts of the bank. The opportunities for such synergies are typically seen as a source of competitive advantage for a large, diversified financial institution such as B of A. However, cross-selling performance (and cooperation) is difficult to assess objectively. Thus, subjective evaluations are likely necessary. Merrill brokers appear to be opposed to cross-selling, both because they are concerned it could undermine their relationships with their clients and because they prefer to have their pay determined by objective measures. 3. Should Bank of America change its compensation strategy to include more subjective assessments of performance and a greater emphasis on cross-selling? What effect might this have on its success in the bidding war for top brokers? 5 Marks
Which topic would a macroeconomist most likely study? a. Supply and demand b. Production costs C. Inflation d. Labor markets

Internal control is a process designed to ensurereliable financial reporting.
effective and efficient operations.
compliance with applicable laws and regulations.
Internal control is designed to ensure all of the items described in the answers.

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Answer:

Internal Control is designed to ensure all of the items described in the answer.

Explanation:

Internal control refers to the control measures adopted by an entity so as to ensure compliance with legal framework, check frauds and errors and for reliable financial reporting.

Compliance procedures are the processes designed to check whether internal controls exist in an organization and if they do, whether such controls are operating effectively.

For e.g biometric authentication with regard to attendance keeps a check on the number of employees actually working during a period and eliminates the possibility of dummy names in the attendance records. This is an example of internal control i.e control measures created by organization itself.

Final answer:

Internal control in a business context refers to the procedures set in place to ensure reliable financial reporting, efficient operations, and compliance with laws and regulations. These controls help in the smooth running of the business, providing accurate financial information, and abiding by legal requirements.

Explanation:

Internal control is a crucial concept in the domain of accounting and business. It refers to the procedures and methods implemented by a company to ensure the achievement of its objectives, which include - reliable financial reporting, efficient and effective operations, and compliance with relevant laws and regulations.

The procedures for reliable financial reporting involve making sure that financial records are accurate and complete. This is important for both internal decision-making and for providing trustworthy information to investors, creditors, and regulators.

Efficient and effective operations refer to the smooth running of the business without wastage of resources, while maximizing profits. Finally, compliance with laws and regulations refers to abiding by the legal and regulatory requirements imposed by government bodies and agencies on businesses.

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Best Buy believes that giving employees in the Results Only Work Environment (ROWE) program the freedom to schedule their own work time is the most effective way of meeting both organization and employee goals. The four functions of management involved in ROWE include all of the following exceptA. controlling.B. financing.C. planning.D. leading.E. organizing.

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Answer: Option (B)

Explanation:

There are four main functions of a management involved in the Results Only Work Environment program. These are as follow: leading, planning, controlling and organizing. These functions tend to play a vital role in the establishment of an organization, so as they can achieve their objectives and goals. Therefore, we can state that financing is not one of the main functions of a management.

In Fiedler's contingency theory, the term ____ refers to the degree to which leaders are able to hire, fire, reward, and punish workers.a. task structure
b. leader-member relations
c. situational favorableness
d. position power E. situational unfavorableness

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the answer is d. position power

Many automobile companies have custom options available for disabled people.a. True
b. False

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True. Many automobile companies offer adapted cars for disabled people, for example offering adjusted hand controls, altering access to the vehicle so it is wheelchair accessible or adjusting the space in the back of the vehicle so a wheelchair or mobility scooter can fit.

It is true that many automobile companies have custom options available for disabled people.

Why are Custom Options Made?

Many automobile companies offer custom options and modifications for disabled people to make their vehicles more accessible and accommodating to their specific needs. These modifications can include wheelchair ramps, hand controls for driving, swivel seats, and other adaptive features.

Accordingly, Providing such options is an important step towards inclusivity and ensuring that people with disabilities can have greater independence and mobility. This also helps to prevent forms of discrimination and foster inclusion.

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Match 1.)Less government intervention gives
people more economic freedom.
2.)Government should not control the
money supply.
3.)Government intervention is necessary
for stability.
4.)Competition is a regulatory force.
A.) Adam Smith
B.)Friedrich Von Hayek
C.)John Maynard Keyness
D.) Milton Friedrich

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A. Adam Smith, Father of Modern Economics," believed that competition is a regulatory force. He argues that keeps self-interest at bay by restraining the ability to take advantage of consumers.

B. Friedrich Von Hayek, often called F.A. Hayek, believed that less government intervention gives people more economic freedom. He wrote about it in his pamphlet, "Economic Freedom and Representative Government."

C. John Maynard Keyness, according to Keynesian economics, one of the tenets of this school of thought is that government intervention is necessary for stability.

D. Milton Friedman (not Friedrich), said that the government's role in the role should be restricted. The government should not control the money supply.

Answer:

b goes to 1, d goes to 2, c goes to 3 and a goes to 4

Explanation:

During its first year of operations, the owner of Lupo Company invested $15,000 in the business and withdrew $2,000. The company earned $35,000 of revenues and incurred $23,000 of expenses. At the end of the year, the company's equity totaled:

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Answer:

$25,000

Explanation:

Lupo Company's equity = owner's equity + retained earnings

owner's equity = $15,000 (initial investment) - $2,000 (withdrawal) = $13,000
retained earnings = net income = total revenue - total costs = $35,000 - $23,000 = $12,000

Lupo Company's equity = $13,000 + $12,000 = $25,000

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Super Sports, a large sporting goods chain based in Australia, wants to open a store in Norway. With stores around the world, Super Sports executives realize that legal systems vary from country to country. Having never opened a store in Norway, the Super Sports legal team is investigating Norwegian laws to determine how they would impact the corporation and its ability to do business in Norway.Which of the following supports a decision in favor of Super Sports opening a store in Norway?a. Product injury cases generally rule in favor of plaintiffs regardless of evidence.b. The opening of warehouse-style stores requires the approval of local retailers.c. Advertising and marketing of particular products are banned under local distribution laws.d. MNEs may transfer profits back to the home country without restriction.

Carol typed a memo to distribute to everyone in her department. To create this memo, she used a _____.

Arena Corp. leased equipment from Bolton Corp. and correctly classified the lease as a finance lease. The present value of the annual lease payments at lease inception was $1,000,000. The present value of the maintenance and service obligations to be paid by Bolton was $50,000, and the fair value of the equipment at lease inception was $900,000. What amount should Arena report as the finance lease obligation at the lease's inception?

if the price elasticity of demand for food is less then 1 (inelastic), an increase in supply due to an improvement in technology will result in a ______ price and _______ in total revenue.